About Forex Trading

The table below provides complete list of world currencies and abbreviations, their names, ISO Currency Codes (Alphabetic and Numeric Codes) and Currency Symbols:

Technical analysis of Foreign Exchange markets is impossible without such instruments as Forex technical indicators. They help to significantly increase the effectiveness of thr research and simultaneously reduce the time spent. It is important to choose the right instrument according to the developed trading strategy and be able to apply it.

I think each of you has heard the word "Forex" - advertising of brokers with promises of earnings follows us everywhere. This word has an ambiguous reputation among the people, and some even consider Forex to be something like a casino. In fact, this is a global interbank foreign exchange market, where anyone can enter into transactions. Today we will analyze what Forex is, how it works, what are the ways to make money, foreign exchange and currency pairs.

It is not difficult to become a trader, but an easy start does not mean an easy profit. Trading is a kind of art. The success of a trader depends on many factors, starting from the choice of a broker, the size of the deposit and ending with the psychological attitude.

It must be remembered though that the Bill Williams Alligator is a lagging indicator. Lagging indicators follow the price action and are therefore known as trend-following indicators. When trading with the Alligator Strategy, it is useful to learn about the pip in our article "What is a Pip in Forex".

When traders buy and sell currency pairs, they are trading Forex. Each currency of the pair is constantly in a price struggle with another currency. The exchange rate to another currency varies according to the relative strengths of the two currencies at the time of trade.

The USDCAD pair is one of the major (most popular currency pairs in the Forex market) currency pairs.

An investment boom swept the world with the advent of online forex trading, and spread to almost all financial markets and made the profession of a trader one of the most sought after.

The foreign exchange market, also known as Forex, is the biggest and most liquid financial market in the world and It offers traders a unique opportunity to take advantage of price fluctuations in the global currency markets. But with so many currency pairs to choose from and so many different Forex trading strategies, it can be difficult to know when the best days of the week to make trades are.

Are you curious about how traders use news to their advantage in the foreign exchange market? Look no further than this article from.

Global markets provide investors with opportunity to invest in diversified portfolios of assets. There are many exchange traded funds (ETF) that specialize in investing in various portfolios designed to provide well diversified exposure to different markets. Investing into ETFs means investing into the mix of assets in the proportion the ETF is designed, providing exposure to specific market segments.

Forex trading, also known as foreign exchange trading, is the buying and selling of currencies on the foreign exchange market. It offers individuals the opportunity to potentially profit from fluctuations in currency exchange rates. In Canada, forex trading is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), which ensures the protection of investors. If you're interested in trading forex in Canada, this article will guide you through the process.

Many novice traders have problems understanding what Forex trading is and how it works, and they are followed by quite a rational question - is Forex trading worth it?

The financial market consists of many markets of different "specialization", such as the commodity market, the securities market, the foreign exchange market (Forex), the credit market. Each of them has its own bright and dark sides, pitfalls and benefits, and investors prefer to trade in the markets that meet their needs and expectations. The foreign exchange market stands out for its huge daily turnover ($6,6 trillion in 2019) and popularity against the background of other markets. But why is it worth trading in the forex market? Let’s figure it out.

The group of most actively traded currency pairs are considered as Majors. They comprise the largest share of the foreign exchange market. Forex major pairs are highly liquid, since they are considered to be the most heavily traded currency pairs in the world. Major currency pairs include the most popular currency pairs, available in the market. Major part of the group includes pairs where you can find at once two of the most liquid currencies, such as U.S. dollar (USD), Euro (EUR), Japanese yen (JPY), British pound (GBP), Swiss franc (CHF), Canadian dollar (CAD), Australian Dollar (AUD) and New Zealand dollar (NZD).

The length of time you are going to remain in a trade is what we call the “timescale” or Forex timeframes. You will need to decide on your timescale when you start Forex trading. There are three types of timescales; long term, medium term and short term.

Volatility analysis is used both on the stock and currency exchanges, as well as on the derivatives and commodity markets. This is one of the most significant indicators that has an important impact on the construction of investment and trading strategies.

In the world of trading, nothing is guaranteed. However, if there is one thing you can count on, it is that high-impact macroeconomic events will have an effect on your assets. Unfortunately, accurately determining the direction and nature of these movements is often down to chance.

A novice trader inevitably faces a number of mistakes that will cost him dearly - several deposits will fly away with a whistle, and with them nerve cells. The price is too high, don't you think?

Speaking about the accumulation of funds, currency transactions, and exchanges immediately comes to mind as a way of saving. As practice shows, it is very unprofitable to keep money in the national currency, especially if we are not talking about US Dollar, Swiss Franc, Euro, etc...

Forex trading has evolved significantly over the years. In the past, traders had to rely on manual analysis and decision-making processes, which could be time-consuming and prone to errors. However, with the advent of algorithmic trading, traders now have access to powerful tools that can help them make informed trading decisions in a matter of seconds. In this article, we will discuss the basics of algorithmic trading, its advantages, and potential risks in the context of forex trading.

Pip is the smallest change an exchange rate of a currency pair can make on the market. A pip is usually, but not always, the last decimal place of a quotation.

The group of Minor currency pairs includes relatively less popular instruments as compared to the Major currency pairs. It is composed of currencies of rather local value, which primary liquidity is first of all provided by the world's major reserve currencies: the U.S. dollar and the Euro.

The group of Exotic currency pairs which are characterized by relatively low trading volumes and high spreads includes the least popular instruments available in the Forex market. They consist of currencies which liquidity is almost entirely provided by the main reserve currencies: the U.S. dollar and the Euro.

It is quite important for traders to have a good understanding of currency volatility. Knowing what causes sudden or frequent fluctuations in exchange rates and what the consequences can be will allow you to plan your business effectively and be future-oriented.

Compared with various trade markets, the Forex market is 100 times larger than the New York Stock Exchange, and it is also 3 times as large as the bond market and equities market combined. International currency markets consist of commercial companies, central banks, hedge funds, banks, investors and retail forex brokers. It is the market, where participants from all over the world have the opportunity of speculating on different currencies. International currency markets are considered to be extremely efficient, as they are very large and liquid. Currency market is virtual, which means that there is no central physical location that is considered to be the foreign currency market. International currency transactions occur in a global computer network of banks and brokers throughout the world.